[GLBSE] ZipConf bond

[DeaDTerra]

I am happy to announce the official launch of ZipConf IPO
All the information you need can be found in here https://docs.google.com/document/d/1zhBdJqp8z4bg6MKcC7yanzuiQtWJmsGQNQ7yVdDAuLU/edit
Share name: ZIP.A
Share price: 0.5
Amount of shares: 10000 total out of 2000 was sold in Pre-IPO and 8000 was sold at the IPO.

Contract:
Each bond has a face value of 0.5 BTC and gives the holder the right to 1/50,000 of all fees collected by the ZipConf service (“Issuer”), paid weekly (Friday) based on the prior week's earnings. Bonds have no voting rights. The Issuer has the right to terminate the asset in the event of insolvency by liquidating any company savings and pay out a final dividend. The Issuer has the right to buy back, at any time, all bonds issued for twice the price of the previous 120 hour average market price.

What will the capital be used for?
The capital raised from the initial IPO will primarily be used for ongoing management, systems maintenance as well as further development of the underlying technology.

How do I invest in ZipConf?
We will be offering shares in an IPO at GLBSE (ZIP.A at GLBSE) .The initial share price is 0.5 BTC per share and we will be issuing 20% of the company profits from fees, or 10,000 shares. Out of these 10,000 shares, 8,000 will be sold to the public while 2000 shares will be held by management,founders or sold off during the pre-IPO.

What are the estimated profits of ZipConf?
The current estimated profits are 1440 BTC per month, which is equal to 288 BTC in dividends owed to the outstanding 10,000 bonds. This corresponds to an average of 0.03 BTC per coupon, or a 6% monthly return relative to the face value of the bond. One bond represents (is entitled to) 1/50 000 of the fees collected by ZipConf, bondholders do not hold any voting rights or any of the company assets.

When will the profits be paid out?
Dividends will be paid out on weekly, every Friday.

GLBSE Contact
Ludvig (DeaDTerra)
Email: ludvig@zipconf.com
Skype: terragubben
PM: Bitcointalk

If you have any questions or concerns please use any of the contact information above to contact me
//DeaDTerra

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[runlinux]

Awesome!

Count me in!

[DeaDTerra]

Awesome!

Count me in!

Great! We are currently having some difficulties and we have contacted Nefario about it, the shares should be up for sale again in just a couple of minutes
//DeaDTerra

[runlinux]

oh, I already got mine

[DeaDTerra]

Shares are up for sale again Problem is fixed
//DeaDTerra

[Kluge]

Thanks for speedy delivery of pre-IPO shares. Have very few remaining coins on hand, but sending some to GLBSE.

[DeaDTerra]

Thanks for speedy delivery of pre-IPO shares. Have very few remaining coins on hand, but sending some to GLBSE.

No problems There are still a couple of thousand shares left, so go get some while you can
//DeaDTerra

[Kluge]

Thanks for speedy delivery of pre-IPO shares. Have very few remaining coins on hand, but sending some to GLBSE.

No problems There are still a couple of thousand shares left, so go get some while you can
//DeaDTerra

It's so easy to imagine demand for this product because I'm already frustrated waiting for the 6 confs to get funds credited in my GLBSE account. 

[zapeta]

It's so easy to imagine demand for this product because I'm already frustrated waiting for the 6 confs to get funds credited in my GLBSE account. 

This x1000...

[DeaDTerra]

It's so easy to imagine demand for this product because I'm already frustrated waiting for the 6 confs to get funds credited in my GLBSE account. 

This x1000...

haha yea to wait almost an hour in most cases for your funds to transfer is a bitch xD Luckily enough I already had enough fund in my private account to make the purchases I needed
Hope you guys make it in time
//DeaDTerra

[kronosvl]

Each bond has a face value of 0.5 BTC and gives the holder the right to 1/50,000 of all fees collected by the ZipConf service (“Issuer”), paid weekly (Friday) based on the prior week's earnings. ...

When will the profits be paid out?[/i]
Dividends will be paid out on the 1st and on the 15th of every month. In the case that the dividend can not be paid out, the profits will be saved and paid out on the following payment date.

am I missing something or those 2 contradict each other?

other than that interesting IPO

good luck

[DeaDTerra]

Each bond has a face value of 0.5 BTC and gives the holder the right to 1/50,000 of all fees collected by the ZipConf service (“Issuer”), paid weekly (Friday) based on the prior week's earnings. ...

When will the profits be paid out?[/i]
Dividends will be paid out on the 1st and on the 15th of every month. In the case that the dividend can not be paid out, the profits will be saved and paid out on the following payment date.

am I missing something or those 2 contradict each other?

other than that interesting IPO

good luck

Woops a editing error, the only version of the contract I have changed it now sorry for that.
//DeaDTerra

[DeaDTerra]

Happy news! All the IPO shares were sold and have gathered a total of 5000 BTC to ZipConf. You can still buy shares from the after market if your interested in investing with us
The problem with that the additional 10 000 shares were issued is now fixed, for the whole report check the google document.
//DeaDTerra

[m_yaw]

interesting project!

could you elaborate a little bit on your 1440 BTC revenue estimate?

[DeaDTerra]

interesting project!

could you elaborate a little bit on your 1440 BTC revenue estimate?

Thank you
it's a rough estimate on how much volume we think we will receive using the data for how much BTC is transfered using MTGOx codes etc as a basis of the estimate as well as the current partners volumes once the service goes live
As it's said it's a estimate not a set in stone number, once the service is released we will release that data for the Share holders.
//DeaDTerra

[runlinux]

OMFG... Sent coins to my MtGox address and coins where in my account in less than 10 second.

[DeaDTerra]

OMFG... Sent coins to my MtGox address and coins where in my account in less than 10 second.

Indeed, it's truly a revolutionary service it's so insanely fast
//DeaDTerra

[DeaDTerra]

The first dividend has been paid out to the share holders! a total of 72 BTC was paid out to the 10 000 shares
ZipConf is very close to release if you have not followed the new I recommend doing that at https://docs.google.com/document/d/1zhBdJqp8z4bg6MKcC7yanzuiQtWJmsGQNQ7yVdDAuLU/edit

Payment date   |           Total paid |       Shares paid   |     Payment per share
2012-05-07 03:31   71.99991728   9392                    0.00766609

There will be another major announcement in a couple of days, that I am sure many of you will appreciate

Once the service goes like make sure to check it out It's really amazing!
//DeaDTerra

[DeaDTerra]

Nice. Was that made from people already using the beta service?

Part of it was made from people in beta and part was made from a side project owned by ZipConf that utilizes the ZipConf service (sorry for the secrecy but can't tell you more then that atm).
//DeaDTerra

[Trevor]

What's going on with this?